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Frequently Asked Questions

(FAQ)

D&O liability insurance covers directors and officers or their company if they are sued. It typically excludes coverage for fraud and criminal offenses but provides protection for legal defense fees and losses related to the lawsuit.

Side A covers directors and officers when the company cannot or will not provide indemnification. Side B covers the company’s losses when it does indemnify the directors and officers. Side C, or “entity coverage,” extends protection to the corporate entity itself.

A Commercial General Liability (CGL) policy provides your business protection from lawsuits brought by third parties claiming bodily injury, property damage, personal injury, In addition, the policy pays any sums you are legally obligated to pay in damages up to the applicable policy limit.

Commercial insurance, also known as business insurance, covers losses from unexpected events like lawsuits, natural disasters, or accidents. It includes various types of coverage, such as general liability, property damage, and employee-related risks.

Bond insurance guarantees that the insurer will make any principal and interest payments owed on a bond if the issuer defaults. This ensures that bondholders receive their payments without disruption, and the bond’s rating is based on the insurer’s credit rating.